CryptoSlate Daily wMarket Update: Ethereum posts 9 week high to lead the top 10 cryptos CryptoSlate Daily wMarket Update: Ethereum posts 9 week high to lead the top 10 cryptos
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Jan. 12, 2023 at 12:54 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $27.32 billion over the last 24 hours and currently stands at $885.04 billion — up 3.2% from $857.72 billion.
Bitcoin’s market cap increased by 4.4% to $350.53 billion from $335.83 billion, while Ethereum’s market cap grew 4.7% to $171.06 billion from $163.4 billion over the reporting period.
In the last 24 hours, the top 10 cryptocurrencies all recorded gains, with Ethereum leading the pack with a 4.7% increase in value. Bitcoin placed second, recording 4.4% gains. Solana occupies the last position today, growing just 0.4%.
Since the last report, the market caps of Tether (USDT) and BinanceUSD (BUSD) saw a decrease to $66.27 billion and $16.37 billion, respectively. By contrast, USD Coin (USDC) recorded an increase to $43.97 billion.
Bitcoin
Over the last 24 hours, Bitcoin grew 4.4% to trade at $18,199 as of 07:00 ET. Its market dominance grew slightly to 39.6% from 39.2%.
Bulls spiked the leading cryptocurrency higher on Wednesday evening (ET), resulting in a peak price of $18,736 – a four-week high.
Ethereum
Ethereum grew 4.7% over the last 24 hours to trade at $1,398 as of 07:00 ET. Its market dominance grew to 19.3% from 19.1%.
Over the last 24 hours, ETH recorded a peak price of $1,419 on Wednesday evening (ET) – this equated to a nine-week high for the second-largest cryptocurrency.
Top 5 Gainers
Avalanche
AVAX is today’s top gainer, rising by 21.5% over the last 24 hours to $15.1719 as of press time. The project has partnered with Amazon Web Services to scale business and government blockchain solutions. Its market cap stood at $4.73 billion.
FTX Token
FTT rose by 15.5% to trade at $1.38216 as of press time. Former CEO Sam Bankman-Fried recently tweeted details of a recovery scenario. Its market cap stood at $454.58 million.
Waves
WAVES gained 11.4% over the reporting period to trade at $1.75110 as of press time. The token is up 26.7% over the past month. Its market cap stood at $193.26 million.
NEAR Protocol
NEAR grew 11% in the last 24 hours to $1.77145. Its market cap stood at $1.5 billion.
Harmony
ONE rose 9% to $0.01339 as of press time. The token grew 26.7% over the past week. Its market cap stood at $174.35 million.
Top 5 Losers
Neutrino USD
USDN is the day’s biggest loser, falling 14.2% to $0.38273 as of press time. The WAVES-backed algorithmic stablecoin depegged from its $1 price last summer. Its market cap stood at $260.36 million.
Voyager Token
VGX decreased 11.2% to $0.36437 as of press time. The token was among the top gainers yesterday due to court approval of the Binance buyout. Its market cap stood at $101.47 million.
Bitcoin SV
BSV shed 7.8% over the reporting period to trade at $40.9325 as of press time. Robinhood delisted the token effective Jan. 25. Its market cap stood at $788.61 million.
iExec RLC
RLC dropped 7.7% over the reporting period to $1.37798. Its market cap stood at $111.62 million.
BinaryX
BNX declined 6.6% to $71.7780 in the last 24 hours. Its market cap stood at $205.14 million.
Mentioned in this article
Bitcoin 
Ethereum 
Avalanche 
FTX Token 
Waves 
NEAR Protocol 
Harmony 
Neutrino USD 
Voyager Token 
Bitcoin SV 
iExec RLC 
BinaryX (old) Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,412.11
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Avalanche
$42.4409
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
FTX Token
$2.56086
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Waves
$1.66354
Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.
NEAR Protocol
$6.74128
NEAR is a decentralized development platform built on top of the NEAR Protocol, which is a public, sharded, developer-friendly blockchain.
Neutrino USD
$0.02449
Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin pegged to the US dollar.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Bitcoin SV
$72.1384
Bitcoin SV is a full-node implementation for Bitcoin Cash (BCH).
iExec RLC
$2.04749
iExec RLC aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need..
